Desert Stone Condominiums

Key facts from Desert Stone Condominiums's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and throughout)

Legal name

DESERT STONE CONDOMINIUMS HOMEOWNERS ASSOCIATION, INC. (Section 1.1(G))

Developer / declarant

DSAB LIMITED PARTNERSHIP, an Arizona limited partnership (Section 1.1(R))

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Recitals, Article 1, Section 1.0)

Assessments & dues

Maximum Common Expense Assessment until January 1 following first conveyance: $2,500 per Unit. (Article 7, Section 7.1(B)(1))

Special assessments

May be levied for capital improvements or legal costs over $2,000, with assent of 2/3 of votes (in person or proxy) at a duly called meeting. Due 30 days after notice. (Article 7, Section 7.2)

Collections & liens

All assessments, penalties, and charges secured by Assessment Lien per Condominium Act. Recording of Declaration constitutes record notice and perfection. Association may enforce by action at law or foreclosure of lien (like realty mortgage (Article 7, Sections 7.8(B) and (C))

Reserves & fees

Budget shall include amounts for general operating reserves and reserves for contingencies and replacements. Surplus funds may be returned or credited pro rata. (Article 7, Section 7.0(A)(iv) and Sectio)

Pets

Reasonable number of house pets only. (Section 4.6)

Leasing & rentals

Leasing is permitted but subject to restrictions: leases must be in writing, tenant subject to Condominium Documents, default if tenant violates. Unit Owner must notify Association of commencement date, termination date, and lessee names. (Article 4, Section 4.18)

Parking & vehicles

Covered parking spaces and parking units allocated as Limited Common Elements per Plat (e.g., Unit 1 gets 'Covered Parking Unit 1' and 'Parking Unit 1'). (Article 2, Section 2.4(A)(7))

Architectural approval

Prior written approval of Architectural Committee required for: structural additions/alterations/improvements within a Unit; antennae/satellite dishes; signs; window coverings (no reflective materials); patio glazing or awnings; and any alt (Article 4, Sections 4.1, 4.3, 4.14, 4.17)

Home business

No occupation, profession, trade or business shall be conducted on or in any Unit or Limited Common Element. (Article 4, Section 4.0)

Signs & flags

No signs permitted without prior written approval of Architectural Committee, which shall not be unreasonably withheld. (Article 4, Section 4.14)

Maintenance

Association maintains all Common Elements (including landscaping, pool) and makes improvements. Unit Owner maintains Unit and Limited Common Elements allocated to Unit (except structural parts). Association may maintain if owner fails after (Article 5, Sections 5.0, 5.1, 5.3)

Insurance

Association shall maintain property insurance on Common Elements and Units (exclusive of owner improvements) under 'All Risk of Direct Physical Loss Form' for 100% replacement cost. Also Broad Form Comprehensive General Liability ($1M minim (Article 8, Section 8.0(A))

Use restrictions

All Units and Limited Common Elements shall be used exclusively for residential use by a Single Family. (Section 4.0)

Voting & meetings

One vote per Unit. Total votes equal number of Units. (Section 2.3)

Amendments

Declaration may be amended per Section 11.4 (text not fully provided, but Recital B refers to 67% vote). Additionally, amendments during Period of Declarant Control by Declarant to correct errors or comply with law without adversely affecti (Recital B; Article 1, Section 1.1(V)(6) )

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.